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Retirement Calculator

(Annually percentage saved compared to income)

Total Savings at Retirement:

$0

Social Security Information:

Social Security benefits can provide additional income during retirement. On average, retirees receive about $1,800 per month, or $21,600 annually. This amount may vary based on your earnings history and the age at which you start claiming benefits.

For more information, visit the Social Security Administration.

Equation Used:

Total Savings = Current Savings × (1 + Investment Return Rate)Years + (Annual Contribution × ((1 + Investment Return Rate)Years - 1) / Investment Return Rate)

This equation is iterated yearly to calculate the total savings at retirement.